Enter your average income below to estimate applicable free-cash in all major European cities. By free-cash we mean your disposable income, left in your pocket after paying tax, rent, insurance, public transport, food expenses and basic entertainment. How does it work?

average income is
₽ 166500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽52748

₽51897

₽47281

₽48587

S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

166 500

municipal

18 160

pensions

19 980

national

28 141

social contributions

1 790

total

68 071

Employee

79 289

143 938

municipal

9 793

18 805

pensions

3 172

5 758

national

15 176

29 140

total

28 141

53 703

Employer

79 289

143 938

social contributions

852

1 547

pensions

6 343

11 515

total

7 195

13 062

Corporate

74 783

166 500

income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

14 957

33 300

total

14 957

33 300

Dividends

59 826

133 200

withholding

13 162

29 304

total

13 162

29 304

Income

166 500

Total tax

63 455

62 604

66 765

68 071

After tax

103 045

103 896

99 735

98 429

Living cost

51 148

Free-cash

51 897

52 748

48 587

47 281

Estimated living cost is ₽51148 per week

₽34765

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽4755

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽766

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽10863

Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

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Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.